Allspring Global Investments Holdings LLC Sells 187,617 Shares of Mondelez International, Inc. $MDLZ

Allspring Global Investments Holdings LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 10.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,556,911 shares of the company’s stock after selling 187,617 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Mondelez International were worth $88,853,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MDLZ. J.Safra Asset Management Corp bought a new position in Mondelez International during the fourth quarter valued at $25,000. Advocate Investing Services LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $25,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Mondelez International during the 3rd quarter worth $27,000. Kemnay Advisory Services Inc. bought a new position in shares of Mondelez International during the 4th quarter worth $28,000. Finally, High Point Wealth Management LLC purchased a new stake in Mondelez International in the 4th quarter worth about $30,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.7%

Shares of NASDAQ:MDLZ opened at $61.00 on Friday. The firm has a market capitalization of $78.30 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 2.41 and a beta of 0.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15. The firm has a fifty day moving average of $60.97 and a 200 day moving average of $59.02.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The firm had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue was up 8.2% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, research analysts anticipate that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were given a $0.50 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s payout ratio is presently 99.50%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research reports. UBS Group boosted their price objective on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Finally, Bank of America upped their price target on shares of Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $66.44.

Mondelez International Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.